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Source: AvaTarde Forex Broker (Forex Rebate up to 85%)

Summary :
Target Level : 95.294
Target Period : 6 hours

Analysis :
Descending Triangle identified at 31-Jul-02:00 2015 GMT-5. This pattern is still in the process of forming. Possible bearish price movement towards the support 95.294 within the next 6 hours.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 95.46Last resistance turning point of Descending Triangle.

Support Levels
( A ) 95.294Last support turning point of Descending Triangle.

CAD/JPY Chart

CADJPY

 

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